August 2021 Community Update
We told you last month was a month of staking and it continued on this month as well! Having concluded our Binance staking campaign, we launched a brand new campaign with even more exciting terms.
For those who haven’t checked out the campaign yet, be sure to go visit the Binance page and be sure you take part in this round.
Should we live with market volatility?
No-one can be unaware of the recent influence of Elon Musk on cryptocurrency markets: a tweet in February caused the bitcoin price to soar, then another in May induced a massive correction when he stated that bitcoin’s environmental impact meant he would not use it for payments. The recent BTC revival came shortly after another tweet from Musk. And he’s not alone: in May, Vitalik Buterin moved his Dogecoin holdings which sent the price down 10%.
This disproportionate influence exerted by high-profile individuals suggests that markets in cryptocurrencies are not ‘efficient’. Or perhaps a…
Can we say this has been a month focused on staking?
Our Binance staking campaign wrapped up this month, but we also announced the launch of our OpenSwap staking campaign! We wanted to be sure that everyone had ample time to familiarize themselves with wrapping ERC-20 tokens to BEP-20. For those that haven’t yet attempted to stake on OpenSwap’s platform be sure to check it out! While the 90-day option has been sold out already, there’s still the chance to participate in the 45-day campaign.
In case you need some assistance, be sure to refer to the following links on…
June 2021 Community Update
We hit the mid way mark of 2021 as June comes to an end. Between the rollercoaster of markets the last two months, regulatory changes around the world, hacks on BSC exchanges, it seems like there’s never a boring day in the world of crypto.
From headlines of our own, we also just announced the signing of an MoU between OAX Foundation and IJS Technologies. Having given a grant to IJS at the end of last year, we’ve spent the last six months watching the code that was being developed morph and change into a functioning…
OAX Foundation signs MoU with IJS Technologies
30 June 2021, HONG KONG — OAX Foundation and IJS Technologies announced today the signing of a Memorandum of Understanding (“MOU”) for the promotion and cooperation of DeFi adoption, community education, and technology advancement.
IJS received a grant from OAX in December 2020 for continual code development that the IJS team had been working on for a DeFi token swapping platform. The code that was developed with support from this grant is now the underlying technology that the decentralized trading hub OpenSwap operates on.
“Nearly a year ago, IJS approached us with their…
Wrapping Your OAX Token to BEP-20 Guide
Over the last two months we’ve spoken about how the OAX token is now available as a wrapped BEP-20 token so our community can take advantage of trading on Binance Smart Chain (BSC) exchanges as well. For those that are used to trading directly on Binance, we put together a simple outline for you to take advantage of this additional
We’ve created a simple guide for our OAX community on how to do so. See what stage you are on the flow chart and refer to the step-by-step guides below to help!
Visualizing DeX Movements
The DEX ranking fluctuation is nothing new, and we’ve discussed it at length in some of our past articles, we all know how much the Top 10 rankings can change from a day-to-day perspective. Coinmarketcap is such a useful data platform, and their daily DEX rankings is something we check quite frequently. But we were a bit curious to see how it all mapped out over an extended period, not just from daily ranking snapshot, so we started tracking over the month of May to see what happened.
May 2021 Community Update
It’s that time of the year! When crypto markets turn into a rollercoaster ride. Those that are new to the space may be overwhelmed with the shocking dips and flashes of red on their apps, but those that have seen the adjustments before will likely view it as part of the ever-going crypto cycle.
Whether the latest market fluctuations are the result of the market’s correction, or whether it can be attributed to regulatory updates or Elon Musk, or just a cumulation of all the above… the theories are endless.
We published a post early May…
Roundup: Regulatory Updates From around the World
While the team at OAX focuses on the decentralized space within the digital asset community, it’s only natural to see the landscape from a macro perspective, especially when it comes to an industry as sensitive, and at times controversial as ours. As an industry, nothing works in silo and headlines that affect adoption or ease of use could all impact how the market may be affected. …
April 2021 Community Update
Wow! What a start to Q2 it’s been for us!
We started the beginning of the month by announcing that the OAX token would be available as a wrapped BEP-20 token. Over the last few months, we’ve been exploring the opportunities of having our tokens available on additional exchanges as well, and while exploring the likes of UniSwap and SushiSwap, we felt that the market conversations of Binance Smart Chain were compelling enough for us to expand our options as well.
This, of course, was merely to set the scene for the things that would be…